Talon Metals Corp. provided assay results from various new drill holes within the "Raptor Zone". The Raptor Zone lies to the north of the Company's Resource Area and represents a new area with the potential for significant exploration upside at the Tamarack Nickel Project.

Today's results include a 5.93-meter (19.5 feet) intercept of high-grade massive nickel and copper mineralization assaying 2.92% Ni and 1.73% Cu (4.09% NiEq), which includes a 2.2-meter (7.2 feet) intercept of high-grade massive nickel and copper mineralization assaying at 6.84% Ni and 3.80% Cu (9.31% NiEq). Talon's in-house drilling and geophysics teams continue to grow their understanding of the high-grade mineralization potential in the Raptor Zone, as the exploration and drilling within the area progresses into 2024 using Talon's in-house fleet of drill rigs. Based on drill results to date in the Raptor Zone, drilling suggests a 250-meter strike length of continuous high-grade massive nickel and copper mineralization within the Raptor's Head Summary; The new intercept in drill hole 23TK0483 was targeted from an off-hole borehole electromagnetic anomaly (geophysics) from previous drill hole 22TK0430 and represents a 91% increase in thickness of the high-grade nickel and copper mineralization compared to the previously drilled intercept in hole 22TK0430.

These results help demonstrate that with more positive drilling results, the potential for a new resource from the Raptor Zone has increased. Of note, the fact that the mineralization appears to be getting thicker is consistent with how the Company made its previous new high-grade nickel-copper discoveries at the Tamarack Nickel Project (CGO East and CGO West). Based on drill results to date in the Raptor Zone, drilling suggests a 250-meter strike length of continuous high-grade massive nickel and copper mineralization within the Raptor's Head.

The new drill hole is over 1 km to the north of the Tamarack Nickel Project Resource Area and represents significant potential for additional high-grade discoveries within the Tamarack Intrusive Complex. On September 12, 2023, Talon and the US Department of Defense announced that Talon received a grant of US$20.6 million to support and accelerate Talon's exploration efforts in both Minnesota and Michigan. Funds from the US Department of Defense will be used to support additional exploration drilling and geophysical studies in the Raptor Zone.

Talon currently has three drill rigs operating in the Raptor Zone. Additional drilling is planned throughout 2024 with the goal of expanding this mineralization in this new and previously untested area.